General Discussion

deutsey

(20,166 posts)

28. You could give Harvard a call

Fri Sep 13, 2013, 11:54 AM

Sep 2013

http://www.bloomberg.com/news/2013-07-18/larry-summers-s-billion-dollar-bad-bet-at-harvard.html

..."During the financial crisis, Harvard lost nearly $1 billion because of some unusual and ill-judged interest rate swaps that Summers implemented in the early 2000s during his troubled tenure as the university's president."...

..."Not only was Summers wrong in 2004 about where interest rates would be -- he was willing to bet a lot of other people's money that he knew better than everyone else. The damage at Harvard was bad enough. Imagine what that sort of thing could do to the U.S. economy."...

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Post your preemptive Summers defense here. [View all] JackRiddler Sep 2013 OP

Huh? Preemptive? That makes no sense NoOneMan Sep 2013 #1

a thought... hlthe2b Sep 2013 #3

A pro's answer, foot soldier. JackRiddler Sep 2013 #4

Here: ProSense Sep 2013 #6

I'll make a $50 donation.... daleanime Sep 2013 #14

You owe somebody money, looks like. nt msanthrope Sep 2013 #112

YaaaYYYYYyyyYYYY!!!!!!!!!!! Vanje Sep 2013 #116

Thank god it's pay day.... daleanime Sep 2013 #124

Correct, however do you think Summers is the best choice, the right choice, the only choice? Nt Ninga Sep 2013 #23

She won't venture an "opinion" before the fact, silly LondonReign2 Sep 2013 #41

How did you come to that silly conclusion? n/t ProSense Sep 2013 #42

I have never witnessed you giving a personal opinion before Democratic leaders speak NoOneMan Sep 2013 #54

No, and ProSense Sep 2013 #43

"I do not like Larry Summers" NoOneMan Sep 2013 #55

+1 Vanje Sep 2013 #91

Yay! grahamhgreen Sep 2013 #101

Silly question. If Obama nominates him, he is the choice. rhett o rick Sep 2013 #123

Do you have a staff Vanje Sep 2013 #90

. ProSense Sep 2013 #115

Amazing... JackRiddler Sep 2013 #47

He's a sharp dresser and I'm told he's very punctual. nt Guy Whitey Corngood Sep 2013 #2

Obama likes him and I trust Obama. Don't need anything else riderinthestorm Sep 2013 #5

You've been assimilated! L0oniX Sep 2013 #11

Obama wanted someone with experience... avaistheone1 Sep 2013 #7

Because Obama! KG Sep 2013 #8

+1! Vanje Sep 2013 #94

"Larry Summers Gets 'Full-Throated Defense' From Obama..." woo me with science Sep 2013 #9

Unnamed Congressman...(aka fucking coward)...used to compare Britney/Bush endorsement .. pkdu Sep 2013 #79

My only response is that woo me with science Sep 2013 #84

Your only response is that you refuse to address the previously flung poo ...got it pkdu Sep 2013 #89

The position really doesn't have much power; he's not Putin...nt joeybee12 Sep 2013 #10

Winner! JackRiddler Sep 2013 #31

Woo-hoo! joeybee12 Sep 2013 #33

******DING DING DING! WE HAVE A WINNER!****** woo me with science Sep 2013 #57

Why is this person so hated? treestar Sep 2013 #12

He shouldn't run the FED because his economic positions are dangerous, counterproductive, and failed TheKentuckian Sep 2013 #21

What are the underlying facts for just the first of these conclusions? treestar Sep 2013 #25

You could give Harvard a call deutsey Sep 2013 #28

Maybe Obama doesn't know that. If he only knew, ... AnotherMcIntosh Sep 2013 #102

I would like to know more about the man also. Think anyone will have the answer as to why he lumpy Sep 2013 #82

+1 deutsey Sep 2013 #26

I trust MY president! quinnox Sep 2013 #13

Summers is a strong pick. tritsofme Sep 2013 #15

LOL, sarcasm I hope! nt Logical Sep 2013 #93

No Vanje Sep 2013 #95

Low expectations stops disappointment! I understand. n-t Logical Sep 2013 #96

He knows all the crooks /nt jakeXT Sep 2013 #16

How about, "He pals around with all the crooks."? MrTriumph Sep 2013 #30

from Wikipedia highmindedhavi Sep 2013 #17

OK-- Jackpine Radical Sep 2013 #18

Could have had McCain Palin!! leftstreet Sep 2013 #19

15 dimensional chess PowerToThePeople Sep 2013 #20

aren't we up to 27 dimensions by now? ChairmanAgnostic Sep 2013 #22

Speaking of him PowerToThePeople Sep 2013 #24

Wall Street trusts him. Market confidence is incredibly important QC Sep 2013 #27

^ this one gets my vote.. truebrit71 Sep 2013 #32

Thank you. n/t QC Sep 2013 #77

Michelle has beautiful arms! HangOnKids Sep 2013 #29

**NOBODY** can rock a sleeveless gown like Michelle!!!!! QC Sep 2013 #35

Yeah, but what about Larry Summer's arms? BuelahWitch Sep 2013 #45

Larry may become a casualty of the Syria push JackRiddler Sep 2013 #34

Has Ron Paul opposed him? woo me with science Sep 2013 #36

Rand Paul absolutely will. JackRiddler Sep 2013 #48

He is a repugnant grotesque 1% imbecile/sociopathic slob. That's hard to get those in one guy! Safetykitten Sep 2013 #37

I second that Populist_Prole Sep 2013 #39

James K. Galbraith would be good. Octafish Sep 2013 #38

Here to learn Politicub Sep 2013 #40

Are we sure he did not really mean yuiyoshida Sep 2013 #44

He was president of Harvard, for crying out loud! KamaAina Sep 2013 #46

It doesn't matter what kind of person he is, as long as he knows how to get things done. JoeyT Sep 2013 #49

Why doesn't that work for Karl Rove? JackRiddler Sep 2013 #53

Emanuel might take a punch slightly better than turd blossom. That's about it. nt Guy Whitey Corngood Sep 2013 #63

There's only one way to find out. ;-) JackRiddler Sep 2013 #65

. Guy Whitey Corngood Sep 2013 #66

And of course science requires punching both. JackRiddler Sep 2013 #74

Well I wouldn't have it any other way. I respect the Guy Whitey Corngood Sep 2013 #100

But officer, it was for SCIENCE! NuclearDem Sep 2013 #119

LOL! Priceless. Poll_Blind Sep 2013 #50

Only defense for anything at all truedelphi Sep 2013 #51

Has not been convicted of either murder OR manslaughter BeyondGeography Sep 2013 #52

Sorry, but I have a real hard time getting worked up about this Benton D Struckcheon Sep 2013 #56

Your lecture on the Fed is beside the point. JackRiddler Sep 2013 #60

That's a point. Benton D Struckcheon Sep 2013 #68

9-Dimensional-Chess, and we're just not smart enough to understand. 1-Old-Man Sep 2013 #58

Larry Summers is the *only* man experienced enough MannyGoldstein Sep 2013 #59

Good one. JackRiddler Sep 2013 #61

Snarf... trumad Sep 2013 #64

. Guy Whitey Corngood Sep 2013 #67

Maybe, just maybe, Obama is smarter than some of you Douglas Carpenter Sep 2013 #62

"...that is applicable to all conceivable circumstances." woo me with science Sep 2013 #69

Look at 71, great minds think alike nadinbrzezinski Sep 2013 #72

Way too easy: "Putting three Republicans in my Cabinet...is unprecedented." joshcryer Sep 2013 #70

The President is more intelligent than you nadinbrzezinski Sep 2013 #71

The other contender is a Paulite Russian pole dancer without a conscience? DirkGently Sep 2013 #73

Larry's going down thanks to Tester, it seems. JackRiddler Sep 2013 #75

By the way, not that it makes a diff. JackRiddler Sep 2013 #88

Bill Clinton trusted him DJ13 Sep 2013 #76

He's a snappy dresser and uses big words without saying anything useful. Warpy Sep 2013 #78

Elizabeth Warren seems to care more about the people than the banks. Incitatus Sep 2013 #80

? madrchsod Sep 2013 #81

it's all a ploy, maaaaaaan fascisthunter Sep 2013 #83

I think the guy we elected President gets to choose who gets appointed, Progressive dog Sep 2013 #85

It is an elaborate long game plan to get the repubs to come out against Summers' morningfog Sep 2013 #86

I think it'll just be one of those issues the fan club doesn't engage on at all. Marr Sep 2013 #87

You would'nt be against Summers.... Vanje Sep 2013 #92

He's aware that math exists Aerows Sep 2013 #97

And he can do it better than the women! JackRiddler Sep 2013 #98

He meant that he could do it better than Republican women Aerows Sep 2013 #99

Larry Summers is the only possible pick for the Fed Chairman because shut up, that's why Fumesucker Sep 2013 #103

Nice work everybody! JackRiddler Sep 2013 #104

Yup. DU did the heavy lifting on this one Cali_Democrat Sep 2013 #106

Shame on you for your lying lies. JackRiddler Sep 2013 #107

Excellent post. Safetykitten Sep 2013 #117

Thank you. JackRiddler Sep 2013 #122

You are correct. Good work to everyone here! Safetykitten Sep 2013 #111

Are you fucking serious? great white snark Sep 2013 #113

. ProSense Sep 2013 #114

Unlike you, yes. JackRiddler Sep 2013 #121

Darn. n/t Bolo Boffin Sep 2013 #105

So now it means nothing... JackRiddler Sep 2013 #108

Isn't it awful? Bolo Boffin Sep 2013 #109

I'm sorry, who are you? JackRiddler Sep 2013 #110

You don't remember me? How sad. Bolo Boffin Sep 2013 #118

As to the point of this thread, Mr. Pitt JackRiddler Sep 2013 #120